Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Euro/Kenyan Shilling (FOREX:EURKES)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURKES
The long term trend has been DOWN since Apr 20th, 2018 at 123.016
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 116.400
The short term trend has been UP since Oct 22nd, 2018 at 116.370
Smart Scan Analysis for EURKES
Based on a pre-defined weighted trend formula for chart analysis, EURKES scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).